In our experimental work our aim was the investigation of the possibility to convert olefin hydrocarbons of a light FCC naphtha fraction with oligomerization. In this framework, we studied the production possibilities of higher carbon number isoolefin rich motor fuel blending components, with oligomerization of the C4-C6 olefin content of the feedstock on water-containing acidic ion exchange resin catalysts. From the studied catalysts the ion exchange resin showed the highest oligomerization activity: the conversion of the olefins was 90.9 % and the share of oligomer products was 29.0 %. After hydrogenation of the C8-C16 isoolefin mixture, the octane number of gasoline product is around 100, the JET product has high energy content and low crystallization point, the cetane number of gas oil product is high and it has a good CFPP (cold filter plugging point). So with these two catalytic steps valuable products can be produced from light olefin-containing refinery by-products.