SELECT 
  cscart_product_prices.product_id, 
  MIN(
    IF(
      cscart_product_prices.percentage_discount = 0, 
      cscart_product_prices.price, 
      cscart_product_prices.price - (
        cscart_product_prices.price * cscart_product_prices.percentage_discount
      )/ 100
    )
  ) AS price 
FROM 
  cscart_product_prices 
WHERE 
  cscart_product_prices.product_id IN (
    119709, 119708, 119707, 119706, 119705, 
    119704, 119703, 119702, 119701, 119700, 
    119699, 119698, 119697, 119696, 119695, 
    119694, 119693, 119692, 119691, 119690, 
    119689, 119688
  ) 
  AND cscart_product_prices.lower_limit = 1 
  AND cscart_product_prices.usergroup_id IN (0, 1) 
GROUP BY 
  cscart_product_prices.product_id

Query time 0.00054

Explain
id select_type table type possible_keys key key_len ref rows Extra
1 SIMPLE cscart_product_prices range usergroup,product_id,lower_limit,usergroup_id usergroup 9 44 Using where

Result

product_id price
119688 1.69000000
119689 1.69000000
119690 1.69000000
119691 1.69000000
119692 1.69000000
119693 1.69000000
119694 1.69000000
119695 1.69000000
119696 1.69000000
119697 1.69000000
119698 1.69000000
119699 1.69000000
119700 1.69000000
119701 1.69000000
119702 1.69000000
119703 1.69000000
119704 1.69000000
119705 1.69000000
119706 1.69000000
119707 1.69000000
119708 1.69000000
119709 1.69000000