Fault code p 0132

HI, anyone had this problem? K12 1,2 Cleared the code, warning light off, car will run for miles with no problems, if switched off and started again light back on after a few minutes ( code p0132 ) but runs just the same, no problems, very strange, any ideas?
 
Bought a cheapo code reader off ebay, I know it's an oxygen sensor fault but can't understand why fault light doesn't come on after clearing
the code until the next stop and start up, had a guy with proper diagnostic software check it and he said it needed better fuel and a good few hundred miles of decent runs, he showed me on his laptop both sensors working fine, k12 is new to me, only had it a couple of months k11 before so still learning.
 
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Thanks for those Andy I think I've read just about everything there is on this, don't want to buy a new sensor if it's just a wiring or earth fault, trouble is when I've got time it's either dark or pi**ing down, will post again when sorted.
 
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