1 K Raikkonen (McLaren) 1:19.599
2 F Massa (Ferrari) 1:19.886
3 R Barrichello (Honda) 1:19.085
4 P De La Rosa (McLaren) 1:20.117
5 M Webber (Williams) 1:20.266
6 R Schumacher (Toyota) 1:20.759
7 G Fisichella (Renault) 1:20.924
8 J Trulli (Toyota) 1:21.132
Latest news (all times BST)
1400: So Kimi Raikkonen produces a bllistering lap in the final moments of qualifying to clinch pole position as he profits from time penalties inflicted on world championship rivals Fernando Alonso and Michael Schumacher.
Both title challengers were docked two seconds after incursions during practice sessions, and much of the focus of Sunday's race will be on the midfield as Schumacher starts 11th, four cars ahead of Alonso.
Schumacher benefits from Jenson Button's practice misery as the Englishman starts 14th after being docked 10 places for an engine change on Saturday.
1355: The drivers are getting their hot laps under way and Massa is giving Ferrari something to smile about with potentially his first pole position of the season with 1:19.886.
1345: The final 15-minute session is under way with the remaining 10 drivers fighting it out for pole position. But the top contenders likely to use the first few laps to burn off fuel before making their bid for grid glory.
1340: The second session is over as Michael Schumacher, Fernando Alonso, Tiago Monteiro, Christian Klien, David Coulthard and Nick Heidfeld go out and take positions 11-16 respectively on the grid. So it appears that Schumacher and Alonso have been hit hard by their two-second penalties.
1338: Schumacher proves it's not over yet as he breaks the 1:19-barrier with a blistering lap of 1:18.875, but it's unlikely to be enough to compensate for the penalty.
1335: Schumacher again tops the timesheets with 1:19.462 but still has to factor in his penalty and it looks increasingly likely that pole will go to Ferrari team-mate Felipe Massa or McLaren's Kim Raikkonen.
1321: The second 15-minute session is under way with places 11-16 on the grid to be decided.
1316: The first 15-minute session is over with Vitantonio Liuzzi, Nioco Rosberg, Scott Speed, Takuma Sato, Christijan Albers and Sakon Yamamoto eliminated and taking positions 17-22 on the grid. The two-second penalties leave Schumacher and Alonso making it through to the next session 13th and 14th respectively.
1314: Schumacher guaranteed his place in the second phase despite the penalty but Alonso is struggling. The world championship leader puts on a new set of tyres and squeezes through the first stage. However, it remains unlikely either driver can get through the second stage.
1311: The F1 title race has taken a new dramatic twist with both Schumacher and Alonso being hit with two-second penalties for each stage of qualifying.
1300: The first period of qualifying is under way with cars going out to start their warm-ups. The track temperature is 33C and rising.
But it has emerged that Michael Schumacher will join title rival Fernando Alonso in getting a two-second penalty after passing the under the red flags during Saturday morning's practice.
Those red flags were because of an engine fire in the Honda of Jenson Button, who will lose 10 places on Sunday's starting grid as a result of the unscheduled engine change.
Midland's Christijan Albers has an identical penalty following a change on Friday.
1257: With three minutes to go before the start of qualifying, the weather is dry but slightly overcast with an air temperature 23C and humidity of 54%.
The qualifying format sees all cars start on the track together, with three separate sessions in a one-hour period.
The slowest six cars in the first 15-minute session drop out and take positions 17-22 on the starting grid. Six more are eliminated in the second session, taking places 11-16.
The remaining 10 drivers then fight for pole position and the remaining places on the grid in the final 15-minute session.
The final session used to be 20 minutes, but following a review it has been cut by five minutes.
Cars which fail to reach the final session can be fully refuelled before the race starts whereas those in the top 10 can replace only what they used in the last part of qualifying.