diff --git a/versions.mk b/versions.mk
index b45626f5..58908893 100644
--- a/versions.mk
+++ b/versions.mk
@@ -13,7 +13,7 @@
 # limitations under the License.
 
 LIB_NAME := nvidia-container-toolkit
-LIB_VERSION := 1.16.1
+LIB_VERSION := 1.16.2
 LIB_TAG :=
 
 # The package version is the combination of the library version and tag.