diff --git a/doc/conf.py b/doc/conf.py
index 7af1c5ca..c0247b21 100644
--- a/doc/conf.py
+++ b/doc/conf.py
@@ -51,9 +51,9 @@ copyright = "2016, Red Hat, Inc."
 # built documents.
 #
 # The short X.Y version.
-version = "4.7"
+version = "4.8"
 # The full version, including alpha/beta/rc tags.
-release = "4.7.0"
+release = "4.8.0"
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/setup.py b/setup.py
index bd15cf58..ce32847a 100755
--- a/setup.py
+++ b/setup.py
@@ -20,7 +20,7 @@ packages = sorted(packages)
 
 setup(
     name="pungi",
-    version="4.7.0",
+    version="4.8.0",
     description="Distribution compose tool",
     url="https://pagure.io/pungi",
     author="Dennis Gilmore",