Most PS3 users update via the XMB (System Update). However, if you are running like Evilnat 4.91 or PS3HEN , you want the PKG.
Released in June 2015, the 1.27 title update introduced the to Grand Theft Auto Online. For PS3 players, it marked one of the final major content drops before Rockstar Games shifted focus to newer hardware. Key features included: gta v 127 update pkg ps3
: If you are starting from a fresh install, you must install all previous updates (1.06 through 1.26) in order before applying the 1.27 PKG. Most PS3 users update via the XMB (System Update)
If you are looking to do this, you need to understand the hardware limitations. This is not a simple "install and play" process for a standard console. gta v 127 update pkg ps3