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Is it possible? A PNG usually consumes less storage space compared to an SVG. Sometimes I need small sized images in sites like Launchpad.
When I simply save as PNG, the background remains white, not transparent.
That's actually Inkscape's default.
Open File → Document Properties and click the Background colour option. Make sure the alpha channel is 0 as so:
Go to File → Export Bitmap (Shift+Ctrl+E) and save the file with a .png extension.
Shortcut, at least in MS Windows, is (Shift+Ctrl+E).