Oil and Natural Gas Corporation (ONGC) expects oil prices to remain between $60 and $65 per barrel over the next three years. "We've seen even lower prices in 2015–16 and post-COVID. That’s precise reason we started working on optimisation and efficiency," ONGC Director (Production) Pankaj Kumar said. Production will rise 1.1% year-on-year in the first half of FY26, he added.