diff --git a/bitnami/python/3.7/ol-7/Dockerfile b/bitnami/python/3.7/ol-7/Dockerfile
index 9d45f206b152..eaadf9920856 100644
--- a/bitnami/python/3.7/ol-7/Dockerfile
+++ b/bitnami/python/3.7/ol-7/Dockerfile
@@ -1,4 +1,4 @@
-FROM bitnami/oraclelinux-runtimes:7-r302
+FROM bitnami/oraclelinux-runtimes:7-r303
 LABEL maintainer "Bitnami <containers@bitnami.com>"
 
 # Install required system packages and dependencies
@@ -9,7 +9,7 @@ RUN wget -nc -P /tmp/bitnami/pkg/cache/ https://downloads.bitnami.com/files/stac
     rm -rf /tmp/bitnami/pkg/cache/python-3.7.3-0-linux-x86_64-ol-7.tar.gz
 
 ENV BITNAMI_APP_NAME="python" \
-    BITNAMI_IMAGE_VERSION="3.7.3-ol-7-r37" \
+    BITNAMI_IMAGE_VERSION="3.7.3-ol-7-r38" \
     PATH="/opt/bitnami/python/bin:$PATH"
 
 EXPOSE 8000
diff --git a/bitnami/python/README.md b/bitnami/python/README.md
index 4dab9b507b9e..c63b11b73224 100644
--- a/bitnami/python/README.md
+++ b/bitnami/python/README.md
@@ -47,7 +47,7 @@ $ kubectl apply -f test.yaml
 Learn more about the Bitnami tagging policy and the difference between rolling tags and immutable tags [in our documentation page](https://docs.bitnami.com/containers/how-to/understand-rolling-tags-containers/).
 
 
-* [`3.7-ol-7`, `3.7.3-ol-7-r37` (3.7/ol-7/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.7.3-ol-7-r37/3.7/ol-7/Dockerfile)
+* [`3.7-ol-7`, `3.7.3-ol-7-r38` (3.7/ol-7/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.7.3-ol-7-r38/3.7/ol-7/Dockerfile)
 * [`3.7-ol-7-prod`, `3.7.3-ol-7-r36-prod` (3.7-prod/ol-7/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.7.3-ol-7-r36-prod/3.7-prod/ol-7/Dockerfile)
 * [`3.7-debian-9-prod`, `3.7.3-debian-9-r30-prod`, `3.7-prod`, `3.7.3-prod`, `3.7.3-r30-prod`, `latest-prod` (3.7-prod/debian-9/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.7.3-debian-9-r30-prod/3.7-prod/debian-9/Dockerfile)
 * [`3.7-debian-9`, `3.7.3-debian-9-r29`, `3.7`, `3.7.3`, `3.7.3-r29`, `latest` (3.7/debian-9/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.7.3-debian-9-r29/3.7/debian-9/Dockerfile)