The technical soundness of an oil-immersed power transformer under an operating voltage is evaluated in partial discharge (PD) test of long-duration ac withstand voltage test. To establish clear control criteria for this PD test, it is necessary to study PD propagation characteristics inside the transformer windings. In this paper, an analysis model was constructed using constants in the oil for a 500 kV-class transformer to analytically obtain PD signal propagation characteristics. For this analysis model, a circuit model for high frequencies up to several MHz was used in order to obtain the characteristics of highfrequency PD propagating inside the winding in detail. Using this model, PD propagation characteristics were investigated in terms of the PD occurrence position, measurement position, and front time as parameters. As a result, it emerged that the propagation pattern was determined by the winding constants as viewed from the PD injection position and the terminal conditions. When the charge amount was the same, the steeper the PD signal front time, the higher the peak voltage value was likely to be because the waveform became more oscillatory. Conversely, assuming an actual test using the ERA device (PD detector developed by Electrical Research Association), it was found that the front time had little impact on the charge amount measured because the oscillatory high-frequency components were removed. As with the previous studies, it emerged that the PD signal transmission rate was lowest when a PD occurred between sections and the signal was detected as one significantly damped to a level of several percent depending on the conditions.