You need to update the provided products_list. If a product's price is greater than $30, apply a 25% discount.

1. Configure the for loop to iterate through products_list.
2. Establish the condition: If the price exceeds $30.
3. Utilize list.append(element) to add an element to the upd_list.
4. Apply a 25% discount to an element (price) if the price exceeds $30 by multiplying it by 0.75.
5. Employ round(element, value) to round the price to the nearest cent.
6. If an element is $30 or lower (the else part), add it to the upd_list without a discount.
7. Print the updated list.