It's not the liquid that explodes but the vapour air mix.
Anyone try to cause an explosion by throwing an ignition source directly into a flammable liquid will invariably be disappointed. In some instances the ignition source will be extinguished e.g. with paraffin and diesel. Don't ask me how I know
However, hydrocarbon vapours can cause explosions of a low grade kind (a pressure wave and a dull thud as opposed to the as evidenced by the absence of the front part of my hair and a massive downfall of soot when I tried to re-light a coal fire by pouring some paraffin on the hot embers then throwing a match at them. The ensuing chimney fire was also spectacular.

It dispensed with the services of a sweep for a year or two.
Get the vapour/air mix just right and the results can be spectacular - I know so.