diff --git a/configure.ac b/configure.ac
index e56ded6b07..980fc72492 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,7 +1,7 @@
 # gstreamer-vaapi package version number
 m4_define([gst_vaapi_major_version], [0])
-m4_define([gst_vaapi_minor_version], [1])
-m4_define([gst_vaapi_micro_version], [3])
+m4_define([gst_vaapi_minor_version], [2])
+m4_define([gst_vaapi_micro_version], [0])
 m4_define([gst_vaapi_version],
           [gst_vaapi_major_version.gst_vaapi_minor_version.gst_vaapi_micro_version])