A portable, compact, real-time and accurate sensor and method for deriving a physicochemical property of a liquid fuel, such as cetane number, carbon content, carbon/hydrogen (C/H) atomic ratio, or heating value (net heat of combustion). The sensor comprises a constant-volume ignition chamber equipped for measuring ignition delay and magnitude of a peak rise in pressure or temperature following dispensation of a liquid fuel into the chamber. The sensor utilizes air at atmospheric pressure and microliter quantities of fuel. The sensor can be implemented in real-time refinery operations for blending diesel fuels that meet government mandated cetane number standards as well as in applications for standardizing jet, biodiesel, and synthetic fuels, which presently are not classified by any physicochemical property.