Tight gas exploration plays an important part in China’s unconventional energy strategy. The tight gas reservoirs in the Jurassic Shaximiao Formation in the Qiulin and Jinhua Gas Fields of central Sichuan Basin are characterized by shallow burial depths and large reserves. The evolution of the fluid phases is a key element in understanding the accumulation of hydrocarbons in tight gas reservoirs. This study investigates the fluid accumulation mechanisms and the indicators of reservoir properties preservation and degradation in a tight gas reservoir. Based on petrographic observations and micro-Raman spectroscopy, pure CH4 inclusions, pure CO2 inclusions, hybrid CH4–CO2 gas inclusions, and N2-rich gas inclusions were studied in quartz grains. The pressure–volume–temperature–composition properties (PVT-x) of the CH4 and CO2 bearing inclusions were determined using quantitative Raman analysis and thermodynamic models, while the density of pure CO2 inclusions was calculated based on the separation of Fermi diad. Two stages of CO2 fluid accumulation were observed: primary CO2 inclusions, characterized by higher densities (0.874–1.020 g/cm3) and higher homogenization temperatures (> 210 °C) and secondary CO2 inclusions, characterized by lower densities (0.514–0.715 g/cm3) and lower homogenization temperatures: ~ 180–200 °C). CO2 inclusions with abnormally high homogenization temperatures are thought to be the result of deep hydrothermal fluid activity. The pore fluid pressure (44.0–58.5 MPa) calculated from the Raman shift of C–H symmetric stretching (v1) band of methane inclusions is key to understanding the development of overpressure. PT entrapment conditions and simulation of burial history can be used to constrain the timing of paleo-fluid emplacement. Methane accumulated in the late Cretaceous (~ 75–65 Ma), close to the maximum burial depth during the early stages of the Himalayan tectonic event while maximum overpressure occurred at ~ 70 Ma, just before uplift. Later, hydrocarbon gas migrated through the faults and gradually displaced the early emplaced CO2 in the reservoirs accompanied by a continuous decrease in overpressure during and after the Himalayan event, which has led to a decrease in the reservoir sealing capabilities. The continuous release of overpressure to present-day conditions indicates that the tectonic movement after the Himalayan period has led to a decline in reservoir conditions and sealing properties.