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The oil pressure switch on 1992 Lexus es300 is located just besides the engine.
Usually in the oil pan
by oil pan
5w30
5 quart
5.0 QUARTS
At the lowest point inside the oil pan.
It is located under the exhaust headers, front and center.
There are quite a number of dashboard lights on Lexus ES300. The common ones include handbrake light, check engine, temperature, check oil, battery light and so many others.
The quote from my dealership was $1400.00
One possibility is that your sensor is bad...
Oil level is low. Serious engine damage will occur if this is not corrected. Check the oil level!