The most desirable diesel oxidation catalyst (DOC) should have the properties of oxidizing CO, HC and SOF effectively at low exhaust gas temperature while minimizing the formation of sulfate at high exhaust gas temperature. Precious metals such as platinum and palladium have been known to be sufficiently active for oxidizing SOF and also to have high activity for the oxidation of sulfur dioxide $(SO_2)$ to sulfur trioxide $(SO_3)$. There is a need to develop a highly selective catalyst which can promote the oxidation SOF efficiently, on the other hand, suppress the oxidation of $SO_2$. In this study, a Pt-V catalyst was prepared by impregnating platinum and vanadium onto a Ti-Si wash coated ceramic monolith substrate. A prepared Pt-V catalytic converter was installed on a heavy duty diesel engine and the effect of fuel sulfur on particulate matter (PM) of heavy duty diesel engine was measured. The effect of fuel sulfur on PM of Pt-V was also compared with that of a commercialized Pt catalyst currently being used in some of the heavy duty diesel engines in advanced countries. Only 1 $sim$ 3% of sulfur in the diesel fuel was converted to sulfate in PM for the engine without catalyst, but almost 100% of sulfur conversion was achieved for the engine with Pt catalyst at maximum loading condition. In the case of Pt-V catalyst, there was no big difference in conversion with the base engine even at maximum loading condition. The reason of SOF increase according to the increase of suflate emission was identified as the washing off effect of bound water in sulfate.