The invention relates to a method for recognizing a light oil reservoir and a gas condensate reservoir in a stratum and application. The method comprises the steps that firstly, a testing well is obtained, gas compositions of different depth positions in the testing well are measured, and comprise C1, C2, C3, iC4, nC4 and the percentage composition of optional iC5 and nC5 in all positions; secondly, the measuring values of the gas compositions are subject to normalization processing, and the relative contents of the gas compositions are calculated; thirdly, according to the relative content distribution data obtained through the normalization processing in the second step, a curve graph is made; fourthly, in the curve graph in the third step, a gas curve is built; fifthly, according to the contrast relation of the relative content distribution data curve and the gas curve of the compositions of gas logging of each position, the light oil reservoir and the gas condensate reservoir in the stratum are recognized. Through the method, the light oil reservoir and the gas condensate reservoir in the stratum can be effectively recognized, and the interpretation coincidence rate of the hydrocarbon reservoir can be improved.