Soot is carbonaceous particulate produced by incomplete combustion of hydrocarbon fuel, reducing the efficiency of energy utilization and affecting the environment and people’s health adversely. Naphthenic hydrocarbons are essential components in diesel and kerosene, generating great quantities polycyclic aromatic hydrocarbons (PAHs) and subsequently soot particles in the combustion process at high temperature. In this study, a new strategy of cycloalkane combustion at low temperature is developed to reduce the formation of the PAH soot-precursors in the combustion process to decrease soot emission. Borane-dimethyl sulfide (BDMS) and n-hexadecane were employed to promote the low-temperature ignition of cycloalkanes and the reduction of soot emission. By adding of 5% BDMS, the ignition temperature of hybrid fuel 10 (10 vol% n-hexadecane, 90 vol% cyclohexane) decreased drastically from 570 °C to 213 °C and PAH formation was reduced by 87%. In the flame development stage of the combustion process, the flame of BDMS/hybrid fuel 10 appears green in color and is larger than the blue flame in the stage of flame reduction, indicating the complete combustion of cycloalkane fuels. By this strategy of low-temperature combustion, the generation of PAH during combustion of cyclohexane decreases, thereby reducing the generation of soot and improving hydrocarbon fuels utilization.