The thermodynamic second law analysis, which means available energy or exergy analysis, for the indicated performance of Otto cycle engine has been carried out. Each operating process of the engine is simplified and modeled into the thermodynamic cycle. The calculation of the lost work and exergy through each process has been done with the thermodynamic relations and experimental data. The experimental data were measured from the test of single cylinder Otto cycle engine which operated at 2500 rpm, WOT(Wide Open Throttle) and MBT(Minimum advanced spark timing for Best Torque) condition with different fuels: gasoline, methanol and mixture of butane-methanol called M90. Experimental data such as cylinder pressure, air and fuel flow rate, exhaust gas temperature, inlet gas temperature and etc. were used for the analysis. The proposed model and procedure of the analysis are verified through the comparison of the work done in the study with experimental results. The calculated results show that the greatest lost work is generated during combustion process. And the lost work during expansion, exhaust, compression and induction process follows in order.