The present work involves the synthesis of a petroleum-based fuel by the catalytic pyrolysis of waste plastics. Catalytic pyrolysis involves the degradation of the polymeric materials by heating them in the absence of oxygen and in the presence of a catalyst. In the present study different oil samples are produced using different catalysts under different reaction conditions from waste plastics. The synthesized oil samples are subjected to a parametric study based on the oil yield, selectivity of the oil, fuel properties, and reaction temperature. Depending on the results from the above study, an optimization of the catalyst and reaction conditions was done. Gas chromatography-mass spectrometry of the selected optimized sample was done to find out its chemical composition. Finally, performance analysis of the selected oil sample was carried out on a compression ignition (CI) engine. Polythene bags are selected as the source of waste plastics. The catalysts used for the study include silica, alumina, Y zeolite, barium carbonate, zeolite, and their combinations. The pyrolysis reaction was carried at polymer to catalyst ratio of 10 : 1. The reaction temperature ranges between 400 ∘ C and 550 ∘ C. The inert atmosphere for the pyrolysis was provided by using nitrogen as a carrier gas.