
der Sprit
fuel
Colloquial term for fuel, especially gasoline or diesel, used to power vehicles.
Ich muss noch tanken, der Sprit ist fast alle.
I still need to fill up; the fuel is almost gone.
fuel / booze
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fuel
Colloquial term for fuel, especially gasoline or diesel, used to power vehicles.
Ich muss noch tanken, der Sprit ist fast alle.
I still need to fill up; the fuel is almost gone.

booze
Colloquial expression for alcoholic drinks, usually for high-proof alcohol such as schnapps.
Für die Party haben wir gestern genug Sprit eingekauft.
We bought enough booze for the party yesterday.
The word 'Sprit' is colloquial in both meanings: fuel and alcohol. It is usually avoided in formal or written contexts.
Kannst du auf dem Rückweg noch Sprit für den Grillanzünder mitbringen?
Can you bring some fuel for the grill lighter on your way back?
You can easily recognize the meaning of 'Sprit' from the context. Verbs like 'tanken' (to fill up) and nouns like 'Auto' (car) or 'Preise' (prices) point to fuel. Words like 'Party' (party), 'trinken' (to drink), or 'Flasche' (bottle) point to alcohol.
Die Spritpreise sind schon wieder gestiegen.
Fuel prices have gone up again.
In both meanings, 'Sprit' is used as an uncountable noun. You say 'viel Sprit' (a lot of fuel/booze) or 'wenig Sprit' (little fuel/booze), but not 'ein Sprit' or 'zwei Sprite'.
Wir haben nicht mehr genug Sprit, um nach Hause zu kommen.
We don't have enough fuel left to get home.
For the meaning 'Kraftstoff' (fuel), fixed expressions such as 'Sprit sparen' (to save fuel), 'jemandem geht der Sprit aus' (someone is running out of fuel), or complaints about 'hohe Spritpreise' (high fuel prices) are very common.
Mit einem modernen Auto kann man viel Sprit sparen.
With a modern car, you can save a lot of fuel.
alcohol
Alkohol is the neutral term for alcoholic drinks or the substance they contain. Sprit can also colloquially mean an alcoholic drink, but it usually suggests strong alcohol such as schnapps. Use Alkohol in neutral statements, and Sprit in casual statements about strong alcohol.

Für die Feier kaufte er starken Sprit.
He bought some strong booze for the party.
Auf der Getränkekarte steht, wie viel Alkohol der Punsch enthält.
The drinks menu states how much alcohol the punch contains.