The invention discloses an alcohol-base fuel which is prepared from the following components in parts by weight: 70-80 parts of methanol, 2-4 parts of isobutanol, 3-6 parts of tert-butyl alcohol, 2-4 parts of propanediol, 0.6-0.8 part of polyethyleneglycol, 1-3 parts of isopropyl ether, 0.4-0.8 part of tertiary pentyl methyl ether, 3-5 parts of hydrogen peroxide, 0.02-0.05 part of triethylborane, 0.01-0.03 part of triethyl aluminum, 0.3-0.7 part of glycerol, 0.02-0.04 part of ethylene-vinyl acetate copolymer, 0.01-0.03 part of dimethyl silicone oil, 0.3-0.5 part of ethyl acetate, 0.6-0.8 part of nano magnesium powder and 0.4-0.6 part of nano iron oxide. The alcohol-base fuel has the characteristics of favorable combustion performance, especially high heat value, low corrosivity, high stability and the like, and thus, has wide development prospects.