diff --git a/RELEASES b/RELEASES
index 34b1a9fc9..b4406dfb5 100644
--- a/RELEASES
+++ b/RELEASES
@@ -2,6 +2,7 @@
 # in the form <version> <date>.  If you update the version field (in
 # configure.ac) you must also add the current date to this file.
 
+1.48.1    2022-04-14
 1.48.0    2022-03-14
 1.47.4    2022-03-08
 1.47.3    2022-03-01
diff --git a/configure.ac b/configure.ac
index 4fa45c6d3..8841ad3f8 100644
--- a/configure.ac
+++ b/configure.ac
@@ -20,7 +20,7 @@
 # freeform string.
 m4_define([libguestfs_major],   [1])
 m4_define([libguestfs_minor],   [48])
-m4_define([libguestfs_release], [0])
+m4_define([libguestfs_release], [1])
 
 AC_INIT([libguestfs],libguestfs_major.libguestfs_minor.libguestfs_release)
 
diff --git a/po/libguestfs.pot b/po/libguestfs.pot
index 3f4a6440f..3278a7af5 100644
--- a/po/libguestfs.pot
+++ b/po/libguestfs.pot
@@ -6,10 +6,10 @@
 #, fuzzy
 msgid ""
 msgstr ""
-"Project-Id-Version: libguestfs 1.48.0\n"
+"Project-Id-Version: libguestfs 1.48.1\n"
 "Report-Msgid-Bugs-To: https://bugzilla.redhat.com/enter_bug.cgi?"
 "component=libguestfs&product=Virtualization+Tools\n"
-"POT-Creation-Date: 2022-03-14 13:36+0000\n"
+"POT-Creation-Date: 2022-04-14 15:53+0100\n"
 "PO-Revision-Date: YEAR-MO-DA HO:MI+ZONE\n"
 "Last-Translator: FULL NAME <EMAIL@ADDRESS>\n"
 "Language-Team: LANGUAGE <LL@li.org>\n"
@@ -28,7 +28,7 @@ msgstr ""
 msgid "string size overflow"
 msgstr ""
 
-#: common/options/decrypt.c:170
+#: common/options/decrypt.c:169
 #, c-format
 msgid ""
 "could not find key to open LUKS encrypted %s.\n"