diff --git a/devel/rubygem-rugged/Makefile b/devel/rubygem-rugged/Makefile
index 9507d6adcd22..b028d63fb8f5 100644
--- a/devel/rubygem-rugged/Makefile
+++ b/devel/rubygem-rugged/Makefile
@@ -1,24 +1,24 @@
 # Created by: Steve Wills <swills@FreeBSD.org>
 
 # Also update devel/libgit2, devel/libgit2-glib, devel/py-pygit2
 
 PORTNAME=	rugged
-PORTVERSION=	1.1.1
+PORTVERSION=	1.2.0
 CATEGORIES=	devel rubygems
 MASTER_SITES=	RG
 
 MAINTAINER=	mfechner@FreeBSD.org
 COMMENT=	Ruby bindings to the libgit2 library
 
 LICENSE=	MIT
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
 BUILD_DEPENDS=	libgit2>=${PORTVERSION:R}:devel/libgit2
 LIB_DEPENDS=	libgit2.so:devel/libgit2 \
 		libgmp.so:math/gmp
 
 CONFIGURE_ARGS=	--use-system-libraries
 USES=		gem pkgconfig
 USE_RUBY=	yes
 
 .include <bsd.port.mk>
diff --git a/devel/rubygem-rugged/distinfo b/devel/rubygem-rugged/distinfo
index 3e358ddf37e9..2423b8e2360f 100644
--- a/devel/rubygem-rugged/distinfo
+++ b/devel/rubygem-rugged/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1625485357
-SHA256 (rubygem/rugged-1.1.1.gem) = 95ac75e4acba095ea656ddeffddfbce54c974d6e9f1ced484c4edb56c50f8db6
-SIZE (rubygem/rugged-1.1.1.gem) = 1495040
+TIMESTAMP = 1637597651
+SHA256 (rubygem/rugged-1.2.0.gem) = 111979962e75378209673ae262a8f43bd1971b5b5f96f4dfb77ca82b343604ed
+SIZE (rubygem/rugged-1.2.0.gem) = 1541120
diff --git a/devel/rubygem-rugged/files/patch-vendor_libgit2_include_git2_version.h b/devel/rubygem-rugged/files/patch-vendor_libgit2_include_git2_version.h
new file mode 100644
index 000000000000..3ff7bf5e7855
--- /dev/null
+++ b/devel/rubygem-rugged/files/patch-vendor_libgit2_include_git2_version.h
@@ -0,0 +1,18 @@
+--- vendor/libgit2/include/git2/version.h.orig	2021-11-22 20:02:49 UTC
++++ vendor/libgit2/include/git2/version.h
+@@ -7,12 +7,12 @@
+ #ifndef INCLUDE_git_version_h__
+ #define INCLUDE_git_version_h__
+ 
+-#define LIBGIT2_VERSION "1.2.0"
++#define LIBGIT2_VERSION "1.3.0"
+ #define LIBGIT2_VER_MAJOR 1
+-#define LIBGIT2_VER_MINOR 2
++#define LIBGIT2_VER_MINOR 3
+ #define LIBGIT2_VER_REVISION 0
+ #define LIBGIT2_VER_PATCH 0
+ 
+-#define LIBGIT2_SOVERSION "1.2"
++#define LIBGIT2_SOVERSION "1.3"
+ 
+ #endif