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In this tutorial video, the narrator explains how to reduce the file size of a PNG image. They start by using the website speed.com/en, where they upload a 60.7 KB PNG file and see that it is reduced to 13 KB, saving a significant amount of space. They then move on to another website, compressedv.com, where they upload the same PNG file and see it reduced to 20 KB, saving 70% of the original size. Lastly, they mention another website, compresspng.com, which reduces the file from 67 KB to 20 KB. Overall, the narrator concludes that the website liftoffspeed.com/en is the best option so far for reducing PNG file sizes.