diff --git a/source/dub/dub.d b/source/dub/dub.d
index fa631fd..8d596a7 100644
--- a/source/dub/dub.d
+++ b/source/dub/dub.d
@@ -174,9 +174,9 @@
 
 		m_dirs.temp = Path(tempDir);
 
+		m_config = new DubConfig(jsonFromFile(Path(thisExePath).parentPath ~ "../etc/dub/settings.json", true), m_config);
 		m_config = new DubConfig(jsonFromFile(m_dirs.systemSettings ~ "settings.json", true), m_config);
-		m_config = new DubConfig(jsonFromFile(m_dirs.userSettings ~ "settings.json", true), null);
-		m_config = new DubConfig(jsonFromFile(Path(thisExePath) ~ "../etc/dub/settings.json", true), m_config);
+		m_config = new DubConfig(jsonFromFile(m_dirs.userSettings ~ "settings.json", true), m_config);
 
 		determineDefaultCompiler();
 	}