diff --git a/reframe/__init__.py b/reframe/__init__.py
index 40de11dc2..50d9931bf 100644
--- a/reframe/__init__.py
+++ b/reframe/__init__.py
@@ -6,7 +6,7 @@
 import os
 import sys
 
-VERSION = '4.8.0-dev.1'
+VERSION = '4.8.0-dev.2'
 INSTALL_PREFIX = os.path.normpath(
     os.path.abspath(os.path.join(os.path.dirname(__file__), '..'))
 )