diff --git a/configure b/configure
index 468c8be10..4bda6f37f 100755
--- a/configure
+++ b/configure
@@ -1,6 +1,6 @@
 #! /bin/sh
 # Guess values for system-dependent variables and create Makefiles.
-# Generated by GNU Autoconf 2.69 for Citus 12.1.5.
+# Generated by GNU Autoconf 2.69 for Citus 13.0.0.
 #
 #
 # Copyright (C) 1992-1996, 1998-2012 Free Software Foundation, Inc.
@@ -579,8 +579,8 @@ MAKEFLAGS=
 # Identity of this package.
 PACKAGE_NAME='Citus'
 PACKAGE_TARNAME='citus'
-PACKAGE_VERSION='12.1.5'
-PACKAGE_STRING='Citus 12.1.5'
+PACKAGE_VERSION='13.0.0'
+PACKAGE_STRING='Citus 13.0.0'
 PACKAGE_BUGREPORT=''
 PACKAGE_URL=''
 
@@ -1262,7 +1262,7 @@ if test "$ac_init_help" = "long"; then
   # Omit some internal or obsolete options to make the list less imposing.
   # This message is too long to be a string in the A/UX 3.1 sh.
   cat <<_ACEOF
-\`configure' configures Citus 12.1.5 to adapt to many kinds of systems.
+\`configure' configures Citus 13.0.0 to adapt to many kinds of systems.
 
 Usage: $0 [OPTION]... [VAR=VALUE]...
 
@@ -1324,7 +1324,7 @@ fi
 
 if test -n "$ac_init_help"; then
   case $ac_init_help in
-     short | recursive ) echo "Configuration of Citus 12.1.5:";;
+     short | recursive ) echo "Configuration of Citus 13.0.0:";;
    esac
   cat <<\_ACEOF
 
@@ -1429,7 +1429,7 @@ fi
 test -n "$ac_init_help" && exit $ac_status
 if $ac_init_version; then
   cat <<\_ACEOF
-Citus configure 12.1.5
+Citus configure 13.0.0
 generated by GNU Autoconf 2.69
 
 Copyright (C) 2012 Free Software Foundation, Inc.
@@ -1912,7 +1912,7 @@ cat >config.log <<_ACEOF
 This file contains any messages produced by compilers while
 running configure, to aid debugging if configure makes a mistake.
 
-It was created by Citus $as_me 12.1.5, which was
+It was created by Citus $as_me 13.0.0, which was
 generated by GNU Autoconf 2.69.  Invocation command line was
 
   $ $0 $@
@@ -5393,7 +5393,7 @@ cat >>$CONFIG_STATUS <<\_ACEOF || ac_write_fail=1
 # report actual input values of CONFIG_FILES etc. instead of their
 # values after options handling.
 ac_log="
-This file was extended by Citus $as_me 12.1.5, which was
+This file was extended by Citus $as_me 13.0.0, which was
 generated by GNU Autoconf 2.69.  Invocation command line was
 
   CONFIG_FILES    = $CONFIG_FILES
@@ -5455,7 +5455,7 @@ _ACEOF
 cat >>$CONFIG_STATUS <<_ACEOF || ac_write_fail=1
 ac_cs_config="`$as_echo "$ac_configure_args" | sed 's/^ //; s/[\\""\`\$]/\\\\&/g'`"
 ac_cs_version="\\
-Citus config.status 12.1.5
+Citus config.status 13.0.0
 configured by $0, generated by GNU Autoconf 2.69,
   with options \\"\$ac_cs_config\\"
 
diff --git a/configure.ac b/configure.ac
index e3063ee70..6ecb13760 100644
--- a/configure.ac
+++ b/configure.ac
@@ -5,7 +5,7 @@
 # everyone needing autoconf installed, the resulting files are checked
 # into the SCM.
 
-AC_INIT([Citus], [12.1.5])
+AC_INIT([Citus], [13.0.0])
 AC_COPYRIGHT([Copyright (c) Citus Data, Inc.])
 
 # we'll need sed and awk for some of the version commands
diff --git a/src/backend/distributed/citus.control b/src/backend/distributed/citus.control
index 831955ad8..9c0202632 100644
--- a/src/backend/distributed/citus.control
+++ b/src/backend/distributed/citus.control
@@ -1,6 +1,6 @@
 # Citus extension
 comment = 'Citus distributed database'
-default_version = '12.1-1'
+default_version = '13.0-1'
 module_pathname = '$libdir/citus'
 relocatable = false
 schema = pg_catalog
diff --git a/src/backend/distributed/sql/citus--12.1-1--13.0-1.sql b/src/backend/distributed/sql/citus--12.1-1--13.0-1.sql
new file mode 100644
index 000000000..3a342a0fe
--- /dev/null
+++ b/src/backend/distributed/sql/citus--12.1-1--13.0-1.sql
@@ -0,0 +1,3 @@
+-- citus--12.1-1--13.0-1.sql
+
+-- bump version to 13.0-1
diff --git a/src/backend/distributed/sql/downgrades/citus--13.0-1--12.1-1.sql b/src/backend/distributed/sql/downgrades/citus--13.0-1--12.1-1.sql
new file mode 100644
index 000000000..006349990
--- /dev/null
+++ b/src/backend/distributed/sql/downgrades/citus--13.0-1--12.1-1.sql
@@ -0,0 +1,2 @@
+-- citus--13.0-1--12.1-1
+-- this is an empty downgrade path since citus--12.1-1--13.0-1.sql is empty
diff --git a/src/test/regress/citus_tests/common.py b/src/test/regress/citus_tests/common.py
index 4d04d268c..05fd43fab 100644
--- a/src/test/regress/citus_tests/common.py
+++ b/src/test/regress/citus_tests/common.py
@@ -92,7 +92,7 @@ PG_MAJOR_VERSION = get_pg_major_version()
 OLDEST_SUPPORTED_CITUS_VERSION_MATRIX = {
     14: "10.2.0",
     15: "11.1.5",
-    16: "12.1devel",
+    16: "12.1.5",
 }
 
 OLDEST_SUPPORTED_CITUS_VERSION = OLDEST_SUPPORTED_CITUS_VERSION_MATRIX[PG_MAJOR_VERSION]
diff --git a/src/test/regress/citus_tests/config.py b/src/test/regress/citus_tests/config.py
index 97f8a421f..d5ab5a59a 100644
--- a/src/test/regress/citus_tests/config.py
+++ b/src/test/regress/citus_tests/config.py
@@ -43,7 +43,7 @@ CITUS_ARBITRARY_TEST_DIR = "./tmp_citus_test"
 
 MASTER = "master"
 # This should be updated when citus version changes
-MASTER_VERSION = "12.1"
+MASTER_VERSION = "13.0"
 
 HOME = expanduser("~")
 
diff --git a/src/test/regress/expected/multi_extension.out b/src/test/regress/expected/multi_extension.out
index 627b0b72f..2f27722f7 100644
--- a/src/test/regress/expected/multi_extension.out
+++ b/src/test/regress/expected/multi_extension.out
@@ -1430,12 +1430,28 @@ SELECT * FROM multi_extension.print_extension_changes();
                  | function citus_schema_move(regnamespace,text,integer,citus.shard_transfer_mode) void
 (5 rows)
 
+-- Test downgrade to 12.1-1 from 13.0-1
+ALTER EXTENSION citus UPDATE TO '13.0-1';
+ALTER EXTENSION citus UPDATE TO '12.1-1';
+-- Should be empty result since upgrade+downgrade should be a no-op
+SELECT * FROM multi_extension.print_extension_changes();
+ previous_object | current_object
+---------------------------------------------------------------------
+(0 rows)
+
+-- Snapshot of state at 13.0-1
+ALTER EXTENSION citus UPDATE TO '13.0-1';
+SELECT * FROM multi_extension.print_extension_changes();
+ previous_object | current_object
+---------------------------------------------------------------------
+(0 rows)
+
 DROP TABLE multi_extension.prev_objects, multi_extension.extension_diff;
 -- show running version
 SHOW citus.version;
  citus.version
 ---------------------------------------------------------------------
- 12.1.5
+ 13.0.0
 (1 row)
 
 -- ensure no unexpected objects were created outside pg_catalog
@@ -1470,7 +1486,7 @@ DROP EXTENSION citus;
 DROP EXTENSION citus_columnar;
 CREATE EXTENSION citus VERSION '8.0-1';
 ERROR:  specified version incompatible with loaded Citus library
-DETAIL:  Loaded library requires 12.1, but 8.0-1 was specified.
+DETAIL:  Loaded library requires 13.0, but 8.0-1 was specified.
 HINT:  If a newer library is present, restart the database and try the command again.
 -- Test non-distributed queries work even in version mismatch
 SET citus.enable_version_checks TO 'false';
@@ -1515,7 +1531,7 @@ ORDER BY 1;
 -- We should not distribute table in version mistmatch
 SELECT create_distributed_table('version_mismatch_table', 'column1');
 ERROR:  loaded Citus library version differs from installed extension version
-DETAIL:  Loaded library requires 12.1, but the installed extension version is 8.1-1.
+DETAIL:  Loaded library requires 13.0, but the installed extension version is 8.1-1.
 HINT:  Run ALTER EXTENSION citus UPDATE and try again.
 -- This function will cause fail in next ALTER EXTENSION
 CREATE OR REPLACE FUNCTION pg_catalog.relation_is_a_known_shard(regclass)
diff --git a/src/test/regress/sql/multi_extension.sql b/src/test/regress/sql/multi_extension.sql
index 4e917ef36..e0c70fe28 100644
--- a/src/test/regress/sql/multi_extension.sql
+++ b/src/test/regress/sql/multi_extension.sql
@@ -658,6 +658,15 @@ SELECT * FROM multi_extension.print_extension_changes();
 ALTER EXTENSION citus UPDATE TO '12.1-1';
 SELECT * FROM multi_extension.print_extension_changes();
 
+-- Test downgrade to 12.1-1 from 13.0-1
+ALTER EXTENSION citus UPDATE TO '13.0-1';
+ALTER EXTENSION citus UPDATE TO '12.1-1';
+-- Should be empty result since upgrade+downgrade should be a no-op
+SELECT * FROM multi_extension.print_extension_changes();
+-- Snapshot of state at 13.0-1
+ALTER EXTENSION citus UPDATE TO '13.0-1';
+SELECT * FROM multi_extension.print_extension_changes();
+
 DROP TABLE multi_extension.prev_objects, multi_extension.extension_diff;
 
 -- show running version