diff --git a/production/helm/loki/CHANGELOG.md b/production/helm/loki/CHANGELOG.md
index db040dc19671..42972ff61cef 100644
--- a/production/helm/loki/CHANGELOG.md
+++ b/production/helm/loki/CHANGELOG.md
@@ -13,6 +13,9 @@ Entries should include a reference to the pull request that introduced the chang
 
 [//]: # (<AUTOMATED_UPDATES_LOCATOR> : do not remove this line. This locator is used by the CI pipeline to automatically create a changelog entry for each new Loki release. Add other chart versions and respective changelog entries bellow this line.)
 
+## 5.42.0
+
+- [ENHANCEMENT] Bumped "grafana-agent-operator" depenency chart version to it's latest version
 
 ## 5.41.8
 
diff --git a/production/helm/loki/Chart.lock b/production/helm/loki/Chart.lock
index 17f1dafad7ae..e8c779c50330 100644
--- a/production/helm/loki/Chart.lock
+++ b/production/helm/loki/Chart.lock
@@ -4,6 +4,6 @@ dependencies:
   version: 4.0.15
 - name: grafana-agent-operator
   repository: https://grafana.github.io/helm-charts
-  version: 0.2.16
-digest: sha256:56eeb13a669bc816c1452cde5d6dddc61f6893f8aff3da1d2b56ce3bdcbcf84d
-generated: "2023-11-09T12:22:25.317696-03:00"
+  version: 0.3.15
+digest: sha256:b7a42cd0e56544f6168a586fde03e26c801bb20cf69bc004a8f6000d93b98100
+generated: "2024-01-27T21:57:28.190462917+05:30"
diff --git a/production/helm/loki/Chart.yaml b/production/helm/loki/Chart.yaml
index 8b5402bc9dbd..812e724def1e 100644
--- a/production/helm/loki/Chart.yaml
+++ b/production/helm/loki/Chart.yaml
@@ -3,7 +3,7 @@ name: loki
 description: Helm chart for Grafana Loki in simple, scalable mode
 type: application
 appVersion: 2.9.3
-version: 5.41.8
+version: 5.42.0
 home: https://grafana.github.io/helm-charts
 sources:
   - https://github.com/grafana/loki
@@ -18,7 +18,7 @@ dependencies:
     condition: minio.enabled
   - name: grafana-agent-operator
     alias: grafana-agent-operator
-    version: 0.2.16
+    version: 0.3.15
     repository: https://grafana.github.io/helm-charts
     condition: monitoring.selfMonitoring.grafanaAgent.installOperator
 maintainers:
diff --git a/production/helm/loki/README.md b/production/helm/loki/README.md
index 33730c361d31..a89eaf0cd942 100644
--- a/production/helm/loki/README.md
+++ b/production/helm/loki/README.md
@@ -1,6 +1,6 @@
 # loki
 
-![Version: 5.41.8](https://img.shields.io/badge/Version-5.41.8-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 2.9.3](https://img.shields.io/badge/AppVersion-2.9.3-informational?style=flat-square)
+![Version: 5.42.0](https://img.shields.io/badge/Version-5.42.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 2.9.3](https://img.shields.io/badge/AppVersion-2.9.3-informational?style=flat-square)
 
 Helm chart for Grafana Loki in simple, scalable mode
 
@@ -15,6 +15,6 @@ Helm chart for Grafana Loki in simple, scalable mode
 | Repository | Name | Version |
 |------------|------|---------|
 | https://charts.min.io/ | minio(minio) | 4.0.15 |
-| https://grafana.github.io/helm-charts | grafana-agent-operator(grafana-agent-operator) | 0.2.16 |
+| https://grafana.github.io/helm-charts | grafana-agent-operator(grafana-agent-operator) | 0.3.15 |
 
 Find more information in the Loki Helm Chart [documentation](https://grafana.com/docs/loki/next/installation/helm).