Fluorescence and phosphorescence spectra, quantum yields of the emissions, and phosphorescence lifetimes of Lu(III) and Gd(III) porphyrins in solutions measured at 25°C and at –196°C are reported. The studied species were estimated in terms of a kind of a metal ion and a porphyrin ligand towards their application in luminescence-based oxygen sensing. The obtained results suggest a possibility of utilization of Ln(III) porphyrins in the intraratiometric luminescence intensity-based oxygen sensing. It concerns a simultaneous observation of a red-colored S1→S0 fluorescence (which is independent from both oxygen and temperature) and oxygen sensitive a near-infrared T1→S0 phosphorescence emitted by the same complex.