The news article discusses the recent increase in fuel prices in India, with petrol and diesel rates reaching record highs. This surge in prices is attributed to factors such as a rise in global crude oil prices and the weakening of the Indian rupee. The government is facing criticism for not reducing taxes on fuel to provide relief to consumers. Additionally, the article mentions that the high fuel prices are having a negative impact on various sectors of the economy, including transportation and agriculture. Overall, the article highlights the challenges faced by consumers and the government in managing the fuel price hike.