* Faulty Oil Pressure Sensor: This is the simplest (and hopefully cheapest) explanation. The sensor itself might be malfunctioning and sending a false low-pressure signal. It's relatively inexpensive to replace.
* Oil Pump Failure (or malfunction): The oil pump is responsible for circulating the oil. A failing pump won't generate sufficient pressure, even with enough oil in the engine. This is a much more serious and expensive repair.
* Worn Engine Bearings: Worn bearings allow oil to leak past them, reducing the pressure in the system. This is a significant problem indicating potential engine damage.
* Clogged Oil Pick-Up Tube: This tube draws oil from the oil pan to the pump. If it's clogged with sludge or debris, the pump won't get enough oil to build pressure.
* Leaking Oil Cooler: A leak in the oil cooler can cause a drop in pressure.
* Incorrect Oil Viscosity: Using oil that's too thin for the engine's operating temperature can lead to low pressure, although less likely immediately on startup.
* Oil Filter Issues: While less likely, a severely collapsed or improperly installed oil filter could restrict oil flow.
What to Do:
1. Don't drive the vehicle. Continuing to drive with a low oil pressure light on can cause catastrophic engine damage.
2. Check the oil level again: Ensure you're actually reading the dipstick correctly. While unlikely to solve the pressure issue, it eliminates a basic oversight.
3. Have a mechanic diagnose the problem. This is crucial. They can use a pressure gauge to accurately measure the oil pressure, which will pinpoint the source of the issue far better than guessing.
Ignoring the low oil pressure light could lead to a severely damaged engine requiring a costly rebuild or replacement. Get it checked immediately.