diff --git a/utils/bump_package_versions.js b/utils/bump_package_versions.js
new file mode 100755
index 0000000000..44bc466f64
--- /dev/null
+++ b/utils/bump_package_versions.js
@@ -0,0 +1,65 @@
+#!/usr/bin/env node
+/**
+ * Copyright (c) Microsoft Corporation.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ * http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+//@ts-check
+
+const path = require('path');
+const fs = require('fs');
+const { execSync } = require('child_process');
+
+const { packages } = require('./list_packages.js');
+
+(async () => {
+  const version = process.argv[2];
+  if (!version)
+    throw new Error('Please specify version! See --help for more information.');
+  if (process.argv[2] === '--help')
+    throw new Error(`Usage: node ${path.relative(process.cwd(), __filename)} <version>`);
+  const rootDir = path.join(__dirname, '..');
+
+  // 1. update the package.json (playwright-internal) with the new version
+  execSync(`npm version --no-git-tag-version ${version}`, {
+    stdio: 'inherit',
+    cwd: rootDir,
+  });
+  // 2. Distribute new version to all packages and its dependencies
+  execSync(`node ${path.join(__dirname, 'prepare_packages.js')}`, {
+    stdio: 'inherit',
+    cwd: rootDir,
+  });
+
+  // 3. update the package-lock.json (playwright-internal) with the new version.
+  // Workaround for: https://github.com/npm/cli/issues/3940
+  {
+    const packageLockPath = path.join(rootDir, 'package-lock.json');
+    const packageLock = JSON.parse(fs.readFileSync(packageLockPath, 'utf8'));
+    for (const package of packages.map(package => path.basename(package))) {
+      packageLock['packages']['packages/' + package].version = version;
+      if (packageLock['packages']['packages/' + package].dependencies?.['playwright-core'])
+        packageLock['packages']['packages/playwright-test']['dependencies']['playwright-core'] = '=' + version;
+    }
+    fs.writeFileSync(packageLockPath, JSON.stringify(packageLock, null, 2) + '\n');
+  }
+  // 4. Verify integrity with npm i
+  execSync('npm install', {
+    stdio: 'inherit',
+    cwd: rootDir,
+  });
+
+})().catch(err => {
+  console.error(err);
+  process.exit(1);
+})
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