diff --git a/include/oneapi/dpl/internal/version_impl.h b/include/oneapi/dpl/internal/version_impl.h
index 46bd36a7427..38a15e5eecf 100644
--- a/include/oneapi/dpl/internal/version_impl.h
+++ b/include/oneapi/dpl/internal/version_impl.h
@@ -13,7 +13,7 @@
 // The library version
 #define ONEDPL_VERSION_MAJOR 2022
 #define ONEDPL_VERSION_MINOR 7
-#define ONEDPL_VERSION_PATCH 0
+#define ONEDPL_VERSION_PATCH 1
 
 #if _ONEDPL___cplusplus >= 202002L && __has_include(<version>)
 #    include <version> // The standard C++20 header
diff --git a/test/general/version.pass.cpp b/test/general/version.pass.cpp
index 5129435a80d..5f89154155d 100644
--- a/test/general/version.pass.cpp
+++ b/test/general/version.pass.cpp
@@ -26,7 +26,7 @@ static_assert(_PSTL_VERSION_PATCH == 0);
 
 static_assert(ONEDPL_VERSION_MAJOR == 2022);
 static_assert(ONEDPL_VERSION_MINOR == 7);
-static_assert(ONEDPL_VERSION_PATCH == 0);
+static_assert(ONEDPL_VERSION_PATCH == 1);
 
 #include "support/utils.h"