what is the red light ? fiat punto 1994?

the red light is on the right hand side on the dash board it is above the battery light and it looks like a nozzle off a hose pipe with water sprinkling out. all my water tanks are full and this light will not go out can someone please tell me what it is. would be most grateful.
thank you
Lesley, May 2005


done
I have M reg fiat punto, convertable, same thing has happened to me today, Its the fuel injection , I can not get mine looked at untill Monday, but know one will explain how serious this is, if I continue to use it,

Jan, August 2005
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