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 (
    1127, 1132, 1136, 1137, 1138, 1143, 1144, 
    1145, 1146, 1129, 1154, 1135
  ) 
  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 0.00044

Explain
id select_type table type possible_keys key key_len ref rows Extra
1 SIMPLE cscart_product_prices ALL usergroup,product_id,lower_limit,usergroup_id 29 Using where; Using temporary; Using filesort

Result

product_id price
1127 3920.000000
1129 3920.000000
1132 3920.000000
1135 3920.000000
1136 3920.000000
1137 3920.000000
1138 3920.000000
1143 3920.000000
1144 3920.000000
1145 3920.000000
1146 3920.000000
1154 3500.000000