The requirements for improving the efficiency of internal combustion engines and reducing emissions have promoted the development of new combustion technologies under extreme operating conditions (e.g., lean combustion), and the ignition and combustion characteristics of fuels are increasingly becoming important. A chemical kinetic reduced mechanism consisting of 115 species and 414 elementary reactions is developed for the prediction of ignition and combustion behaviors of gasoline surrogate fuels composed of five components, namely, isooctane, n-heptane, toluene, diisobutylene, and cyclohexane (CHX). The CHX sub-mechanism is obtained by simplifying the JetSurF2.0 mechanism using direct relationship graph error propagating, rate of production analysis, and temperature sensitivity analysis and CHX is mainly consumed through ring-opening reactions, continuous dehydrogenation, and oxygenation reactions. In addition, kinetic parameter corrections were made for key reactions R14 and R391 based on the accuracy of the ignition delay time and laminar flame velocity predictions. Under a wide range of conditions, the mechanism’s ignition delay time, laminar flame speed, and the experimental and calculated results of multi-component gasoline surrogate fuel and real gasoline are compared. The proposed mechanism can accurately reproduce the combustion and oxidation of each component of the gasoline-surrogate fuel mixture and real gasoline.