diff --git a/CHANGELOG.md b/CHANGELOG.md
index da411c26f4..6ee44251ca 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -65,6 +65,8 @@ Unreleased changes template.
 * (rules) The version-aware rules have been folded into the base rules and
   the version-aware rules are now simply aliases for the base rules. The
   `python_version` attribute is still used to specify the Python version.
+* (pypi) Updated versions of packages: `pip` to 24.3.1 and
+  `packaging` to 24.2.
 
 {#v0-0-0-deprecations}
 #### Deprecations
diff --git a/python/private/pypi/dependency_resolver/dependency_resolver.py b/python/private/pypi/dependency_resolver/dependency_resolver.py
index 293377dc6d..6f6c20241b 100644
--- a/python/private/pypi/dependency_resolver/dependency_resolver.py
+++ b/python/private/pypi/dependency_resolver/dependency_resolver.py
@@ -16,6 +16,7 @@
 
 import atexit
 import os
+import re
 import shutil
 import sys
 from pathlib import Path
@@ -117,7 +118,6 @@ def main(
     absolute_path_prefix = resolved_requirements_file[
         : -(len(requirements_file) - len(repository_prefix))
     ]
-
     # As srcs might contain references to generated files we want to
     # use the runfiles file first. Thus, we need to compute the relative path
     # from the execution root.
@@ -162,12 +162,19 @@ def main(
     argv.append(
         f"--output-file={requirements_file_relative if UPDATE else requirements_out}"
     )
-    argv.extend(
+    src_files = [
         (src_relative if Path(src_relative).exists() else resolved_src)
         for src_relative, resolved_src in zip(srcs_relative, resolved_srcs)
-    )
+    ]
+    argv.extend(src_files)
     argv.extend(extra_args)
 
+    # Replace in the output lock file
+    # the lines like: # via -r /absolute/path/to/<requirements_file>
+    # with: # via -r <requirements_file>
+    # For Windows, we should explicitly call .as_posix() to convert \\ -> /
+    absolute_src_prefixes = [Path(src).absolute().parent.as_posix() + "/" for src in src_files]
+
     if UPDATE:
         print("Updating " + requirements_file_relative)
 
@@ -185,14 +192,14 @@ def main(
             # and we should copy the updated requirements back to the source tree.
             if not absolute_output_file.samefile(requirements_file_tree):
                 atexit.register(
-                    lambda: shutil.copy(
-                        absolute_output_file, requirements_file_tree
-                    )
+                    lambda: shutil.copy(absolute_output_file, requirements_file_tree)
                 )
-        cli(argv, standalone_mode = False)
+        cli(argv, standalone_mode=False)
         requirements_file_relative_path = Path(requirements_file_relative)
         content = requirements_file_relative_path.read_text()
         content = content.replace(absolute_path_prefix, "")
+        for absolute_src_prefix in absolute_src_prefixes:
+            content = content.replace(absolute_src_prefix, "")
         requirements_file_relative_path.write_text(content)
     else:
         # cli will exit(0) on success
@@ -214,6 +221,15 @@ def main(
                 golden = open(_locate(bazel_runfiles, requirements_file)).readlines()
                 out = open(requirements_out).readlines()
                 out = [line.replace(absolute_path_prefix, "") for line in out]
+
+                def replace_via_minus_r(line):
+                    if "# via -r " in line:
+                        for absolute_src_prefix in absolute_src_prefixes:
+                            line = line.replace(absolute_src_prefix, "")
+                        return line
+                    return line
+
+                out = [replace_via_minus_r(line) for line in out]
                 if golden != out:
                     import difflib
 
diff --git a/python/private/pypi/deps.bzl b/python/private/pypi/deps.bzl
index 31a5201659..21dd7771fa 100644
--- a/python/private/pypi/deps.bzl
+++ b/python/private/pypi/deps.bzl
@@ -51,8 +51,8 @@ _RULE_DEPS = [
     ),
     (
         "pypi__packaging",
-        "https://files.pythonhosted.org/packages/49/df/1fceb2f8900f8639e278b056416d49134fb8d84c5942ffaa01ad34782422/packaging-24.0-py3-none-any.whl",
-        "2ddfb553fdf02fb784c234c7ba6ccc288296ceabec964ad2eae3777778130bc5",
+        "https://files.pythonhosted.org/packages/88/ef/eb23f262cca3c0c4eb7ab1933c3b1f03d021f2c48f54763065b6f0e321be/packaging-24.2-py3-none-any.whl",
+        "09abb1bccd265c01f4a3aa3f7a7db064b36514d2cba19a2f694fe6150451a759",
     ),
     (
         "pypi__pep517",
@@ -61,8 +61,8 @@ _RULE_DEPS = [
     ),
     (
         "pypi__pip",
-        "https://files.pythonhosted.org/packages/8a/6a/19e9fe04fca059ccf770861c7d5721ab4c2aebc539889e97c7977528a53b/pip-24.0-py3-none-any.whl",
-        "ba0d021a166865d2265246961bec0152ff124de910c5cc39f1156ce3fa7c69dc",
+        "https://files.pythonhosted.org/packages/ef/7d/500c9ad20238fcfcb4cb9243eede163594d7020ce87bd9610c9e02771876/pip-24.3.1-py3-none-any.whl",
+        "3790624780082365f47549d032f3770eeb2b1e8bd1f7b2e02dace1afa361b4ed",
     ),
     (
         "pypi__pip_tools",