diff --git a/changelog.md b/changelog.md
--- a/changelog.md
+++ b/changelog.md
@@ -1,5 +1,9 @@
 # Changelog for [`hpc` package](http://hackage.haskell.org/package/hpc)
 
+## 0.7.0.2 *May 2024*
+
+  * Bump upper bounds of dependencies on base and time libraries.
+
 ## 0.7.0.1 *January 2024*
 
   * Bump upper bounds of dependencies on filepath and containers libraries.
diff --git a/hpc.cabal b/hpc.cabal
--- a/hpc.cabal
+++ b/hpc.cabal
@@ -1,6 +1,6 @@
 cabal-version: 2.2
 name:         hpc
-version:      0.7.0.1
+version:      0.7.0.2
 -- NOTE: Don't forget to update ./changelog.md
 license:      BSD-3-Clause
 license-file: LICENSE
@@ -33,10 +33,10 @@
         Trace.Hpc.Reflect
 
     Build-Depends:
-        base       >= 4.12  && < 4.20,
+        base       >= 4.12  && < 4.21,
         containers >= 0.4.1 && < 0.8,
         deepseq    >= 1.1   && < 1.6,
         directory  >= 1.1   && < 1.4,
         filepath   >= 1     && < 1.6,
-        time       >= 1.2   && < 1.13
+        time       >= 1.2   && < 1.15
     ghc-options: -Wall