Yes and no. If you go for a premium provider like ExpressVPN or NordVPN, it won't increase your ping much. Premium providers are fast and reliable, so this is, in most cases, unlikely to happen. With free providers, this isn't the case.
Despite using the premium provider, your internet speed could still be affected. This is because of the encryption and various technology that they use for keeping your safe and secure. But, if you're using a free provider, don't expect a difference this small. They will surely throttle your internet speed.