LaBO3 (B?=?Fe, Mn, and FeMn) perovskite-type oxides were prepared by sol–gel method and then used as catalysts in CO hydrogenation for light olefins. The catalysts were characterized using XRD, H2-TPR, SEM, CO (CO2)-TPD, and XPS. The results showed that the lattice oxygen migration and oxygen vacancies promoted oxygen mobility by doping Mn2+ at the B site, Moreover, the presence of manganese as a promoter in the catalyst increased olefin selectivity compared with the olefin selectivity of the catalyst containing iron at the B-site and exhibited resistance to carbon deposition; while reducing the metal elements. In CO hydrogenation, potassium-promoted LaFeMnO3 catalysts afforded high catalytic activity and C2=–C4= selectivity. An O/P value of 5.0 and a C2=–C4= fraction of 54% were achieved for all hydrocarbons with low methane selectivity.