diff --git a/.ottdrev-vc b/.ottdrev-vc
index 1ee78f1438..f957e254fa 100644
--- a/.ottdrev-vc
+++ b/.ottdrev-vc
@@ -1,2 +1,2 @@
-jgrpp-0.48.0	20220703	0	752e46dfcb8bdf9a7ec042ab2fe7b93a19c52a72	1	0	2022
-516379b9e371131d07083c1e759e250980f10a548f3ad61f818a0832abdb5a79  -
+jgrpp-0.48.1	20220731	0	dc69957dcc0efae73516a3d6f701bb3ec8f9d682	1	0	2022
+6c87cae6c208cabd064b95d50f47cc64e8576ccba3009dabed3b0ce9a478c89f  -
diff --git a/README.md b/README.md
index 216f2aa5d7..d212ac200e 100644
--- a/README.md
+++ b/README.md
@@ -1,4 +1,4 @@
-## JGR's Patchpack version 0.48.0
+## JGR's Patchpack version 0.48.1
 
 This is a collection of patches applied to [OpenTTD](http://www.openttd.org/)
 
diff --git a/jgrpp-changelog.md b/jgrpp-changelog.md
index d8f4b4dcb0..8f293b92a9 100644
--- a/jgrpp-changelog.md
+++ b/jgrpp-changelog.md
@@ -2,6 +2,17 @@
 
 * * *
 
+### v0.48.1 (2022-08-01)
+* Fix various issues that could occur when attempting to disable infrastructure sharing when shared infrastructure is still in use.
+* Fix crashes and other issues when removing a company would remove infrastructure which is in use by the train reservation of another company when realistic braking is enabled.
+* Fix some NewGRFs having incorrect behaviour (when using variational action 2 variable 1C in some cases).
+* Fix crash which could occur with tooltip windows in some special cases.
+* Fix viewport map mode bridges/tunnels not appearing dotted at high zoom.
+* Fix insufficient train braking when in realistic braking mode when train lookahead is aspect limited is enabled and the lookahead distance is shorter than the reservation.
+* Do not enable the behaviour where vehicles continue loading if the next order is for the same station for implicit orders.
+* Do not apply the show signals using default graphics settings for custom signal styles
+* Bump trunk base from commit 19af139631b5bc98dba6de4c4f0b7aeb6b3ac6aa to commit ccb9d9988011725c1ff0d415af37efb99e2b0849.
+
 ### v0.48.0 (2022-07-03)
 * Fix crash which could occur after removing non-rectangular airports.
 * Fix crash which could occur with non-buildable template trains with some NewGRFs.