In the early stage of the development of low permeability and volatile oil reservoir with solution gas reinjection, the gas injection is more difficult than oil production due to the high formation pressure. However, in the middle and late stage of development, the gas injection gets easier than oil production with the decrease of formation pressure. Therefore, it is the premise of making development technology policy to define the limits of injection production parameters. This paper deduced expressions of maximum production rate, maximum reinjection ratio and critical pressure based on the limit model of injection and production parameters, made the chart to show the limits of injection and production parameters for a real case, studied the influence law of multi factors on the limit of injection production parameters, and proposed the development technical policy. The results show that the limits of injection production parameters and the charts are accurate and reliable, which can reflect the actual production situation. The parameter limits are affected by injectivity productivity index, formation pressure, production rate, well pattern type, well pattern density and other factors with corresponding laws. In the development period, it is advised to re-injected all solution gas produced as far as possible, increase the proportion of injectors and determine the production rate according to the reinjection ratio in the early stage of development, and reduce the proportion of producers to improve the production rate in the middle and late stage of development, so as to ensure high-quality and efficient development.