Using separate bypass valves is necessary, IF each pump is supplying a separate and not interconnected discharge pipe to different dispensers.
If two or more pumps are feeding the same discharge pipe to the dispensers, then using multiple bypass valves can be difficult to properly set. The bypass valves, when set to the same differential pressure, can have hysteresis, or can have their pressures fighting each other. This can result in pulsations and poor differential pressure control. So it is a good idea to have a 5 psi (.34 bar) difference between the setting of each valve. Additionally, it can be beneficial to use the next size larger bypass valves. If a single bypass valve is used, then it must be rated for a minimum of the total flow capacity of all pumps it is supporting. However, if only one pump is operating and the valve is too large, then it may not adequately control pressures. So it is often best to have several hoses on a single supply manifold, and each pump supporting a separate supply manifold.
If two or more pumps are supplying the same discharge pipe to a dispenser island, it is a good practice to install a full port back check on the discharge side of each pump, after the pipe running to the bypass valve. This will keep one pump from back flowing the other and also prevent the pumps fighting each other.