diff --git a/setup.py b/setup.py
index e572c8f52ae5..b5fe8ca3ff5d 100644
--- a/setup.py
+++ b/setup.py
@@ -254,7 +254,7 @@ def run(self):
 
 setup(
     name="diffusers",
-    version="0.28.0",  # expected format is one of x.y.z.dev0, or x.y.z.rc1 or x.y.z (no to dashes, yes to dots)
+    version="0.28.1",  # expected format is one of x.y.z.dev0, or x.y.z.rc1 or x.y.z (no to dashes, yes to dots)
     description="State-of-the-art diffusion in PyTorch and JAX.",
     long_description=open("README.md", "r", encoding="utf-8").read(),
     long_description_content_type="text/markdown",
diff --git a/src/diffusers/__init__.py b/src/diffusers/__init__.py
index dd6f56daa7ef..8f65e44b7a1d 100644
--- a/src/diffusers/__init__.py
+++ b/src/diffusers/__init__.py
@@ -1,4 +1,4 @@
-__version__ = "0.28.0"
+__version__ = "0.28.1"
 
 from typing import TYPE_CHECKING