Yes! the amount it leaks though depends, on several things. The type of sensor, location of sensor and other factors.
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trying rack down a leak
Somewhere in the side of the motor is a sensor called the oil pressure sensor. Unscrew that sensor and screw in the line for reading the oil pressure. Start the motor up and get your reading. Compare it to specs.
The oil pressure sensor on a 92 Honda Accord is replaced by disconnecting the wiring harness and unscrewing it using a wrench or socket set. The replacement sensor is then put into place and torqued back to specs.
Common leak points are oil pressure sensor, oil pan, and timing cover gasket.
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If you have no leak it is burning oil.
If the oil pressure warning light came on, it may mean that you have an oil leak. It can also mean that the sensor is bad.
Find the biggest oil leak with a wire leading out of it just above the oil filter
You find them both and look see if they are leaking.
Oil pressure is low, oil pressure sensor has failedOil pressure is low, oil pressure sensor has failed
On the back side of the engine next to the oil pressure switch and less the six inches to the left of the oil filter.