Light Inoperative With Low Oil Pressure
WARNING: This page does not describe the selected car, but rather 6 other vehicles, including the 1991 GMC Pickup, 1991 GMC Cab & Chassis, 1991 GMC C3500 HD, 1991 Chevrolet Pickup, and 1991 Chevrolet Cab & Chassis. However, it is still accessible from the selected car via links, so may be relevant.
Check for inoperative oil pressure gauge switch circuit. Repair/replace as necessary. If gauge and circuit are okay, replace defective instrument cluster.