Australia has announced plans to force gas companies to keep more fuel onshore. 

The Labor Government is set to announce an east coast gas reservation scheme in the coming weeks with the hopes it will lower gas and energy prices in the country. 

Meanwhile, raising tobacco prices has come back to bite the Government as the black market grows exponentially.

Australian correspondent Murray Olds told Heather du Plessis-Allan, "here's the thing ... a packet of durries can be bought for $10 or $12 so the government tax take is down dramatically to $7 billion this year."

LISTEN ABOVE