diff --git a/sycl/plugins/unified_runtime/CMakeLists.txt b/sycl/plugins/unified_runtime/CMakeLists.txt
index 52b98aabff7b3..0e866712c74a3 100644
--- a/sycl/plugins/unified_runtime/CMakeLists.txt
+++ b/sycl/plugins/unified_runtime/CMakeLists.txt
@@ -105,13 +105,13 @@ if(SYCL_PI_UR_USE_FETCH_CONTENT)
 
   fetch_adapter_source(level_zero
     ${UNIFIED_RUNTIME_REPO}
-    # commit 196f62f34e70dd79f3f683abe103cc33d3c49a92
-    # Merge: 37242e39 275c753a
+    # commit f4a94976f880de64d0c144abb1080a8262c158f3
+    # Merge: ee075703 39fcb2be
     # Author: Kenneth Benzie (Benie) <k.benzie@codeplay.com>
-    # Date:   Thu Apr 25 15:03:51 2024 +0100
-    #     Merge pull request #1548 from kbenzie/benie/l0-fix-decoupled-use-case
-    #     [L0] Use relative includes for adapter internals
-    196f62f34e70dd79f3f683abe103cc33d3c49a92
+    # Date:   Fri Apr 26 11:50:56 2024 +0100
+    #     Merge pull request #1370 from winstonzhang-intel/counter-based-events
+    #     [L0] Support for counter-based events using L0 driver
+    f4a94976f880de64d0c144abb1080a8262c158f3
   )
 
   fetch_adapter_source(opencl