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 (
    11111, 11112, 11113, 11114, 11115, 11116, 
    11117, 11118, 11119, 11120, 11121, 
    11122, 11123, 11124, 11125, 11126, 
    11127, 11128, 11129, 11130, 11131, 
    11132
  ) 
  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 0.00065

JSON explain

{
  "query_block": {
    "select_id": 1,
    "cost_info": {
      "query_cost": "15.41"
    },
    "grouping_operation": {
      "using_filesort": false,
      "table": {
        "table_name": "cscart_product_prices",
        "access_type": "range",
        "possible_keys": [
          "usergroup",
          "product_id",
          "lower_limit",
          "usergroup_id"
        ],
        "key": "product_id",
        "used_key_parts": [
          "product_id"
        ],
        "key_length": "3",
        "rows_examined_per_scan": 22,
        "rows_produced_per_join": 4,
        "filtered": "20.00",
        "index_condition": "(`gaseus`.`cscart_product_prices`.`product_id` in (11111,11112,11113,11114,11115,11116,11117,11118,11119,11120,11121,11122,11123,11124,11125,11126,11127,11128,11129,11130,11131,11132))",
        "cost_info": {
          "read_cost": "14.97",
          "eval_cost": "0.44",
          "prefix_cost": "15.41",
          "data_read_per_join": "105"
        },
        "used_columns": [
          "product_id",
          "price",
          "percentage_discount",
          "lower_limit",
          "usergroup_id"
        ],
        "attached_condition": "((`gaseus`.`cscart_product_prices`.`lower_limit` = 1) and (`gaseus`.`cscart_product_prices`.`usergroup_id` in (0,1)))"
      }
    }
  }
}

Result

product_id price
11111 0.00000000
11112 0.00000000
11113 0.00000000
11114 0.00000000
11115 0.00000000
11116 0.00000000
11117 0.00000000
11118 0.00000000
11119 0.00000000
11120 0.00000000
11121 0.00000000
11122 0.00000000
11123 0.00000000
11124 0.00000000
11125 0.00000000
11126 0.00000000
11127 0.00000000
11128 0.00000000
11129 0.00000000
11130 0.00000000
11131 0.00000000
11132 0.00000000