A blue phase liquid crystal panel and a display device provide a transflective mode blue phase liquid crystal panel with a single cell gap so as to simplify the process. The blue phase liquid crystal panel comprises: a first substrate and a second substrate that are disposed opposite to each other so as to form a liquid crystal cell; a blue phase liquid crystal layer between the two substrates; gate lines and data lines arranged to intersect the gate lines to define pixel regions on an inner side of the first substrate. The blue phase liquid crystal panel has a single cell gap, and the pixel regions are divided into transmission regions and reflection regions. The light for display in the transmission region and the light for display in the reflection region of a same pixel region generate the same phase retardation after passing through the blue phase liquid crystal layer.