Er, why wouldn't it explode and where do I find normal IED rules (don't see em in my SR4A)?
Because there's only flamable stuff in it - gazoline, syrofoam and the onther petroleum derivatives won't burn, even less explode, if there isn't some source of oxygen to react with. What little air remains in the container won't be enough.
If you pack enough explosive to burst the container and spread the mix around you'll probably get a nice incendiary effect to add to the flying shrapnel, but it won't improve the explosion.