The invention discloses a methanol modified fuel for reducing automobile exhaust gas. The methanol modified fuel is prepared from the following raw materials in parts by weight: 5-50 parts of modifiedmethanol, 15-25 parts of alkylate, 13-21 parts of light oil, 3-13 parts of MTBE, 3-25 parts of 200#solvent oil and 1-2 parts of an additive. The additive is prepared from the following raw materials:200-350 parts of glycerol, 200-350 parts of span 80, 300-1000 parts of BHT 501, 400-1000 parts of benzotriazole, 40-60 parts of ferrocene and 50-150 parts of sodium hydroxide. The modified methanol is prepared from methanol and a modifier, and the weight ratio of the methanol to the modifier is 98: 2. According to the methanol modified fuel, not only can exhaust emission of cars be effectively purified, the exhaust emission of cars is reduced to 50%-65%, environment is protected, but a fuel product combustion rate can be improved to 95%-98%,a longer distance is achieved for the same amount ofoil, resources are saved, economic efficiency is improved, at the same time, a corrosion problem of the methanol is overcame through methanol modification, and popularization and application of methanol are ensured.