Below is a reply from Caerbont technical when i asked them the same question.
Hello,
The oil pressure gauge runs from the 12 volt ignition supply.
As regards the temp and fuel gauge, the purpose of the 10 volt regulator is to ensure a constant pointer position when the engine is started. With ignition on, the supply voltage would normally be 12.6 volts, and 14.4 volts when the engine is started. So if the fuel and temp gauges were driven from the switched ignition supply, the pointers would move.
However, as you only get oil pressure when the engine is started, Smiths specified that the oil pressure gauge should be calibrated for 14.4 volts.
Regards,
Ian