| Date: | Friday, 2 March 2012 |
| Session: | Day 2 (of 4) |
| Track: | Barcelona |
| Track length: | 4.655 km |
| Weather: | Foggy in the early morning then sunny (Air: 6-22°C, Track: 7-30°C) |
| News article: | Barcelona: Day 2 driver and team personnel quotes Grosjean fastest again on day 2 in Barcelona |
| P | Driver | Constructor | Car | T | Time | Gap | Avg Speed | Laps |
| 1 | Romain Grosjean | Lotus-Renault | E20 | P | 1:22.614 | 202.847 | 124 | |
| 2 | Jean-Éric Vergne | Toro Rosso-Ferrari | STR7 | P | 1:23.126 | 0.512 | 201.598 | 31 |
| 3 | Sebastian Vettel | Red Bull-Renault | RB8 | P | 1:23.361 | 0.747 | 201.029 | 85 |
| 4 | Fernando Alonso | Ferrari | F2012 | P | 1:23.447 | 0.833 | 200.822 | 125 |
| 5 | Heikki Kovalainen | Caterham-Renault | CT01 | P | 1:23.828 | 1.214 | 199.909 | 104 |
| 6 | Kamui Kobayashi | Sauber-Ferrari | C31 | P | 1:23.836 | 1.222 | 199.890 | 77 |
| 7 | Nico Hülkenberg | Force India-Mercedes | VJM05 | P | 1:23.893 | 1.279 | 199.754 | 33 |
| 8 | Michael Schumacher | Mercedes | W03 | P | 1:23.978 | 1.364 | 199.552 | 79 |
| 9 | Lewis Hamilton | McLaren-Mercedes | MP4-27 | P | 1:24.111 | 1.497 | 199.237 | 65 |
| 10 | Bruno Senna | Williams-Renault | FW34 | P | 1:24.925 | 2.311 | 197.327 | 48 |
| 11 | Pastor Maldonado | Williams-Renault | FW34 | P | 1:25.801 | 3.187 | 195.312 | 20 |