What are the advantages of using PRNG over TRNG?
It's an apples and oranges comparison.
When you want something to be truly random, you must use a TRNG. Examples include a lottery, or a secret/private key in cryptography.
When you want something repeatable, you must use a PRNG. An example is a large secret keystream for XOR encryption, generated (imperatively: identically) on both the transmit and receive side from a short common shared secret key.

What are the advantages of using PRNG over TRNG?

PRNGs can be portable to different computers and languages. Their implementations are easy to validate. They have a mathematical security definition, and it's easy to make fast PRNGs that experimentally match it (on the other hand, we don't know how to prove that).
TRNGs are not portable (they are not entirely software anyway), and are much more complex (typically there's a hardware source, tests ofthat at power-up and in use, and a conditioning stage). It's hard to convince a neutral party that a TRNG works.
In practice, the best choice is almost always a Cryptographically Strong PRNG, seeded by a public constant when one wants repeatability, or seeded by the output of a TRNG (or a secret constant changed manually as needed, perhaps combined with a counter, or time from a truly strictly increasing reference) otherwise. The CSPRNG will mask any small imperfection of the TRNG there will be, and have a high throughput: modern CSPRNG are extremely fast (in the order of 10 CPU cycles per byte generated for Salsa20, which supports &quot;skip-ahead&quot;).